Otsego, MI—49078
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Otsego, MI
As of Oct '25, the median home price in Otsego, MI is $261,000, with a year-over-year change of 3.3%. This indicates that home prices in Otsego, MI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $261,000 | 3.3% |
| Single Family | $259,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $197,000 | 4.2% |
3 Bed | $259,000 | 4.0% |
4 Bed | $314,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Otsego, MI
As of July '25, Rentcast reports the average rent in Otsego, MI is $1,000, with a year-over-year rent change of 86.6%. Per bedroom, the median rent as of July '25 in Otsego, MI is 3-bedrooms: $1,000. The most common rental property sizes in Otsego, MI are 2-bedroom and 1-bedroom, accounting for 46.9% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Otsego, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Otsego, MI is 38. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 59.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 30.0% |
Listing Count | 27 | -24.0% |
| Listings as % of Homes | 0.4% | -24.0% |
Days on Market | 38 | 7.0% |
Demographics — Otsego, MI
As of the latest ACS Survey released in 2023, Otsego, MI has a population of 10,500, which has increased by 13.3% over the past 5 years. Otsego, MI is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | 13.3% |
% Under 18 | 20.3% | -8.1% |
% Seniors | 15.8% | -4.8% |
% WFH | 5.6% | 16.7% |
% w/ College Degree | 18.6% | 0.5% |
As of the latest ACS Survey released in 2023, Otsego, MI is a predominantly white area, with 85.6% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Otsego, MI is hispanic, making up 4.5% of the population. Foreign-born residents account for 4.4% of the population in Otsego, MI, and this percentage has increased by 300.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.6% | -8.8% |
% Black | 0.3% | 0.0% |
% Hispanic | 4.5% | 200.0% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 4.4% | 300.0% |
Mortgage and Risk — Otsego, MI
According to HUD data as of 2023, there were 242 mortgage originations in Otsego, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Otsego, MI. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 242 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Otsego, MI
Otsego, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 74 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,270 |
| 3 Bedroom | $630 | $1,000 | $1,630 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Otsego, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $261,000 |
| Median Household Income | $77,500 |